Share of the fringe firms in an oligopoly market

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In a price-fixing agreement amongst two oligopolists, each seller's best strategy would be to maintain the agreement, as it would leave both of them better off.

True or False? Explain Please.

The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit earned by the dominant firm.

True or False? Please Explain.

Reference no: EM13984567

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